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While President Joe Biden's initial efforts to enact debt forgiveness legislation were quashed by debt-ceiling plans and Supreme Court lawsuits, the administration went to work on alternatives.
Those who did not receive Pell Grants but make less than $125,000 as individuals or less than $250,000 as a married couple are eligible for $10,000 in student loan debt forgiveness.
As of this year, Americans now owe $1.77 trillion in federal and private student loan debt and while the Biden administration tried to decrease that amount, the Supreme Court issued a decision ...
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
Borrowers have until the end of 2023 to apply, but are encouraged to get their applications in by mid-November. Applying early gives loan servicers enough time to recalculate a borrower's monthly ...
That’s about one-third of the amount of student loan debt that would have been canceled by the forgiveness program rejected by the high court, which would have canceled up to $20,000 for ...
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